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In a move widely anticipated by Wall Street, the Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point – with a possibility of one more increase in the cards before year-end. Effectively, the rate hike moves the central bank’s target range on the overnight
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For months, many investors had viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view and opinion. Analysts and economists then believed that the 10-year yield was headi
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On the day the United States remembered the terrorist attacks 25 years ago, Malaysia was almost hit by a huge explosion on September 11 – a sudden release of Najib Razak from jail. Currently in Kajang Prison, Najib was scheduled to complete his term only on Aug 23, 2028 after securing a part
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Brent, the international benchmark, jumped above US$99 a barrel on Tuesday (Sept 8) - the highest since July - after Iran-backed Houthi militants in Yemen conducted strikes on energy infrastructure in Saudi Arabia. The oil prices also jumped as a result of retaliation from the U.S. that d
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Don’t criticize UMNO-Malays as we need their votes in the next general election - Anwar Ibrahim told Anthony Loke Siew Fook, the secretary-general of Democratic Action Party (DAP) who gladly obliged after Anwar-led Pakatan Harapan (PH) coalition formed a unity government with UMNO-led Barisan Nas
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Donald Trump hails “historic” deal for the U.S. to control 65 billion barrels of Venezuela's oil, which critics slammed as a deal made at “gunpoint”. Of course, the U.S. has denied that the energy deal, which the U.S. president bragged as “the biggest oil deal in world history”, is an e
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Despite approval rating hitting 32%, Donald Trump’s worry isn’t about re-election or the Iran war. Instead, the U.S. president, whose second-term has seen the Dow Jones, S&P 500 and Nasdaq rallied 57%, 70%, and 142% respectively, is deeply worried about a stock market crash. After all, he h
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A day before former human resources minister M Saravanan was charged on Friday (August 28) with receiving bribes amounting to RM1.097 million to approve foreign worker quotas, he publicly trumpeted how he had written to Prime Minister Anwar Ibrahim on Wednesday about what he called the Malaysian An
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Everybody from teachers to retirees joined South Korea’s stock market frenzy, betting prices would rise forever. Samsung Elecronics share price was up by 320% in June 2026 – a staggering jump from October 2025. In the same period of nine months, SK Hynix jumped by 710%. KOSPI Composite Index sk
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Wall Street's massive data edge is evaporating. The elite technology that once required a multi-million-dollar quantitative setup, dedicated server rooms, and teams of PhD mathematicians is now sitting on consumer laptops. This isn't about magical market forecasting or finding a flawless crystal ba
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January 15th, 2016 by financetwitter
Not all Muslims are terrorists, but all terrorists are Muslims. Is this a fair statement to the 2 billion Muslim populations on planet Earth? But does it really matter whether the statement is true or otherwise when these terrorists practically attack and kill everyone - Muslims or non-Muslims - who [...]
January 14th, 2016 by financetwitter
On October 17, 2015, a robbery in an elevator in Prima Setapak Condominium raised eyebrows after 24-year-old Ms. Lim Lian Lee was robbed. But what made the robbery brutal was how she was elbowed, slammed, kicked as if it was a wrestling match. Clearly Lim was no match for the robbers - 2 men - who s [...]
January 13th, 2016 by financetwitter
Are you in the oil and gas (O&G) industry? If you're, then you should know that your job is on the line. Once a prestigious job where the pay, bonus and perks were the envy of your schoolmates, jobs with giant O&G company aren't that secure anymore. British BP announced plans on Tuesday to s [...]
January 12th, 2016 by financetwitter
David Bowie, the legendary British rocker, died Sunday after an 18-month battle with cancer. Aged 69, he died 2-day after his birthday, when his album "Blackstar" was released. Bowie's son, Duncan Jones, tweeted to confirm the news. His new album includes the song "Lazarus," which begins with the [...]
January 11th, 2016 by financetwitter
Finland and Sweden became the latest European countries to issue warnings to women to be wary of the threat of sex attacks. Switzerland and Austria did the same. Germany, of course, is in the state of panic, denial, cover up, and clueless on migrant rape crisis after the mass robbery, molest, rape a [...]
January 11th, 2016 by financetwitter
Gas at US$2 was what people were screaming and hoping for last year. Today, the average price of gasoline in the United States is below US$2 a gallon, or US$1.967 / gallon to be precise. While some Americans, depending on their geographical location, are rejoicing over the lower gasoline price, some [...]
January 8th, 2016 by financetwitter
Germany survived two world wars but it can't survive Merkel. That joke is slowly becoming a reality as frustrated Germans have taken to the Facebook, forming "Dusseldorf is Watching" group, and so far has recruited 4,000 members, and counting. Their slogan - "One for All, and All for One". Their mi [...]
January 7th, 2016 by financetwitter
First, the good news - China didn't use the word "devaluation" like it did back in August 2015. The bad news - China secretly devalues its Yuan / Renminbi and as a result everything you could think of - stock markets, currency exchange and even oil prices - is going haywire.
China's cen [...]
January 7th, 2016 by financetwitter
North Korea announced on Wednesday that it had successfully tested a "miniaturized" hydrogen bomb, whatever that means. We've read and seen miniature donut, furniture or even the Great Wall of China but seldom or never a miniature hydrogen bomb. World leaders have condemned fat boy Kim Jong-un for p [...]
January 6th, 2016 by financetwitter
President Barack Hussein Obama has one last toy to play before he retires for good - to take away as many guns as possible from fellow Americans. However, it won't be easy as his unilateral gun control plan clashes with the Second Amendment of the United States Constitution. So what he did to sell [...]
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